Harvey Norman warns of inflation weighing down economy
Chairman Gerry Harvey says the retailer’s result was bolstered by its $4bn property portfolio as consumers pulled back spending due to cost of living pressures.
Chairman Gerry Harvey says the retailer’s result was bolstered by its $4bn property portfolio as consumers pulled back spending due to cost of living pressures.
House of Arras, which many wine experts believe can hold its own against French champagne, has been sold to privately owned Handpicked Wines for an undisclosed sum.
The German car giant has won its protracted and brutal court case against some of its local car dealers, possibly opening the door to a move that could up-end the dealership model.
The department store chain is now “very profitable” under Anchorage Capital and is investing in its flagship centres, boss Scott Fyfe says.
The owner of chains Katies, Millers, Rivers and Noni B, Mosaic Brands, is back in black and is planning to roll out 40 ‘mega stores’, mostly in regional Australia.
The Federal Court has found Frank Wilson, the former boss of collapsed sandalwood scheme manager and grower Quintis, didn’t breach his duties as director regarding a failed supply agreement.
The rising popularity of in-home dining and entertaining should see a growth in demand for fine ingredients, says the boss of Maggie Beer Holdings.
The supermarket code of conduct reviewer has called out Aldi, Coles and Metcash for not having a ‘credible plan’ to stamp out unauthorised deductions from supplier payments.
Supermarket giant Woolworths has pledged to investigate unauthorised deductions from supplier payments after it was revealed to be an industry-wide problem.
Costco’s first boss in Australia Patrick Noone was told the quirky US chain would never work here, but after 14 years and with annual sales at $4bn, he’s proved the doubters wrong.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/42